Trainee Broker - Single Stock Options
Job Description
The TP ICAP Group is a world leading provider of market infrastructure.
Our purpose is to provide clients with access to global financial and commodities markets, improving price discovery, liquidity, and distribution of data, through responsible and innovative solutions.
Through our people and technology, we connect clients to superior liquidity and data solutions.
The Group is home to a stable of premium brands. Collectively, TP ICAP is the largest interdealer broker in the world by revenue, the number one Energy & Commodities broker in the world, the world’s leading provider of OTC data, and an award winning all-to-all trading platform.
Founded in London in 1866, the Group operates from more than 60 offices in 27 countries. We are 5,200 people strong. We work as one to achieve our vision of being the world’s most trusted, innovative, liquidity and data solutions specialist.
About ICAP
ICAP, part of TP ICAP group, provides a wide variety of execution and information services to wholesale market participants.
We offer broking services covering a wide range of asset classes, including Commodities, Credit, Equities, FX, Money Market Funds and Rates.
For each asset class, ICAP offers e-trading capability, giving clients the option to enter prices and execute trades directly via one of our hybrid electronic trading systems, or to engage with brokers who can identify and negotiate trades
Role Overview
This is an exciting entry‑level opportunity to begin a career in front‑office financial markets within TP ICAP’s Equities & Equity Derivatives business. As a Trainee Broker on the Single Stock Options (SSO) desk, you will receive structured on‑the‑job training and gain exposure to dynamic global equity derivatives markets, working closely with experienced brokers and institutional clients.
The role is ideally suited to a bright, motivated, and commercially curious individual who thrives in fast‑moving environments, can think quickly, and enjoys working both independently and as part of a high‑performing team.
The Single Stock Options desk focuses on the intermediation of listed and over‑the‑counter options on individual equities across key global markets. The desk plays a critical role in:
Facilitating liquidity between institutional counterparties (e.g. banks, hedge funds, asset managers)
Supporting client execution and market access across single name volatility products
Providing real‑time price discovery, volatility indications, and market colour
Assisting clients with hedging, risk management, and tactical positioning strategies
Interpreting macro‑economic developments, corporate events, earnings cycles, and idiosyncratic equity drivers impacting option pricing
You will gain first‑hand exposure to how equity markets, corporate fundamentals, volatility dynamics, and technical supply/demand factors influence pricing and trading strategies in the options market, including concepts such as implied volatility, skew, and Greeks.
Key Responsibilities
Provide day‑to‑day operational and commercial support to brokers to ensure the smooth and efficient running of the desk.
Develop a strong understanding of the credit products traded within Euro Financials, including market conventions and trade lifecycle.
Monitor market movements, news flow, and macro‑economic developments relevant to European financial issuers.
Deliver live market quotes to traders and clients via messaging systems and trading platforms.
Assist in identifying potential trade opportunities and relative value strategies.
Accurately capture, calculate, and relay trade details and market information to brokers and clients on a daily basis.
Maintain high standards of accuracy, professionalism, and confidentiality.
Act as a positive ambassador for TP ICAP Group, promoting its values and reputation with internal and external stakeholders.
Experience & Competencies
Essential
Foundational understanding of financial markets, with exposure to equities or derivatives preferred
Demonstrated interest in equity markets, trading strategies, and market‑driven environments
Numerical and analytical skills, with the ability to interpret and communicate market data effectively
Excellent verbal and written communication skills
High attention to detail and ability to work with precision under pressure
Ability to perform in a fast‑paced, commercially driven trading environment
Strong problem‑solving mindset and intellectual curiosity
High ethical standards and commitment to responsible market conduct
Desired
Basic understanding of options theory (e.g. Black‑Scholes, implied volatility, Greeks)
Familiarity with financial market data platforms (e.g. Bloomberg, Refinitiv) or trading systems
Additional European or global language skills
Strong interpersonal and relationship‑building skills
Interest in corporate events, earnings cycles, and equity‑specific catalysts
High energy, resilience, and strong motivation to build a career in front‑office broking
Band & Level
Professional / 4
#ICAP #LI-ENT #LI-Onsite
Not The Perfect Fit?
Concerned that you may not meet the criteria precisely? At TP ICAP, we wholeheartedly believe in fostering inclusivity and cultivating a work environment where everyone can flourish, regardless of your personal or professional background. If you are enthusiastic about this role but find that your experience doesn't align perfectly with every aspect of the job description, we strongly encourage you to apply. You may be the ideal candidate for this position or another opportunity within our organisation. Our dedicated Talent Acquisition team is here to assist you in recognising how your unique skills and abilities can be a valuable contribution. Don't hesitate to take the leap and explore the possibilities. Your potential is what truly matters to us.
Company Statement
We know that the best innovation happens when diverse people with different perspectives and skills work together in an inclusive atmosphere. That's why we're building a culture where everyone plays a part in making people feel welcome, ready and willing to contribute. TP ICAP Accord - our Employee Network - is a central to this. As well as representing specific groups, TP ICAP Accord helps increase awareness, collaboration, shares best practice, and holds our firm to account for driving continuous cultural improvement.
Location
UK - 135 Bishopsgate - London